The criteria ATO consider whether you are an employee or contractor are:         Break free with Tax Accounting Adelaide Services call us on 83374460 Sole trader, Partnership, Company and Trust Tax and BAS returns; Self Managed Super Funds; Bookkeeping and Choosing Accounting Software; New business Startups Advise; Specialising in personal training…

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  As you must have already heard, the 2020 budget was all about “JOBS”. A great deal of emphasis was placed on creating new jobs and helping individuals who lost their jobs due to COVID get back into work sooner.   The main buzz in the industry before the budget was even released circled the…

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  A qualified accountant, such as one from Tax Accounting Adelaide can help you get your finances back on track. If you’ve ever struggled with keeping up to date with your income and expenses, been swamped with a messy pile of receipts and invoices that only gets sorted at tax time each year, Tax Accounting…

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You may believe your tax agent’s sole purpose is helping you with your tax return at the end of the financial year, however, this is only part of the services they usually offer. In most cases and depending on your circumstances, they are able to offer valued support in other ways. Here are some of…

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What to Prepare for a local meeting or virtual meeting (scan the documents and send them to me). I will acknowledge receipt, request if any information is required, and will arrange a way of meeting you soon. This is a long list and some of the items may not apply to you.  If they do…

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Why you need an accountant Why do I need an accountant? You may be asking. Perhaps you have never used one and do your own or have not seen fully what they can do to be worth more than their investment cost. Here are some reasons why a professional tax agent may be able to…

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What to Bring for Your Individual Tax Return

So what do you need to bring for your individual tax return appointment? 1. A copy of your last tax return 2. Your tax file number 3. Payment summaries of employment government or super payments 4. A hospital cover tax statement 5. Bank interest and dividend amounts 6. Your bank details for your refund 7. Your…

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Updating Your Insurance for the New Year! 2016 is here and now is a good time to start updating your home and contents insurance policy. Don’t put this off because you think it will cost you money, it will cost you much more money in the long run if you don’t update your insurance cover,…

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Some of my clients have reported people ringing from supposedly the tax office and it can be a fraud as they request tax payments from you. Here is an excellent publication from the ATO on the various types of scammer out there. It might be worth seeing if any of these example seem similar to…

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Lodging your late tax returns

Hassle-free Late Tax Returns lodged No problem Tired of the stress of knowing your tax returns are way overdue… Have you been too afraid to take on your overdue tax returns? You are not the only one. We have many clients who have been in this situation. Are you worried about all the ATO penalties…

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  What you can claim Did you know you may be able to claim the cost of your car when travelling when: You travel between two separate workplaces – like having two jobs or between two branches from your normal workplace to an alternative workplace (for example, a client’s premises) while still on duty, and…

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Did you know what the most common mistakes on individual tax returns are Surprise surprise – it is omitting income. So if you are not yet aware the ATO can easily detect you omitting income such as payment summaries, interest, dividends, Centrelink payments and even capital gains all via your TFN being attached to records…

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No one should miss out on claiming their deductions Your tax agent can assist you claim deductions which stop you paying your marginal tax rate on the amount you spend on the deductions. It is always important to help your accountant do the best job for you by keeping your receipts and collaborating with them to…

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Tax season is coming, are you thinking of looking for a good tax agent to maximise your tax benefit? Here are some of the benefits to have a registered tax agent: Tax agents must register with the Tax Practitioners Board and follow strict regulations when processing tax returns. They are the only people allowed to…

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At our recent business networking meeting our members discussed how to create credibility in your business or professional role. Here are some of their ideas and tips: To keep your focus on value not price. Have a good online presence via positive reviews and people website with social media presence Find ways to add value…

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